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...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...The insurance arrangements potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill. 4....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...Affordability varies between states, too: Louisiana, Mississippi and Oklahoma all had credit-card-debt-to-median-income ratios of more than 10 per cent compared with the least stretched states of New Hampshire...
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
...You know, people have been talking a lot about state firms not covering home insurance in California for wildfire climate-related reasons. But that’s a separate story....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
..., exposing coastal states in Europe and Asia to huge potential clean-up costs in the event of a disaster....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
...Catastrophe insurance is a leading indicator....
...The UK state-backed insurance scheme designed to help keep the live events sector going through the coronavirus pandemic paid out just one claim of £180,500, while generating almost £6mn in premiums, according...
...Cross party agreement was obtained for pensions auto enrolment, which has boosted the retirement prospects of millions....
...But they also state that “the largest US bank holding companies annually earned an average of 180 basis points of capital ratio between 2015 and 2022” — implying they should have no difficulty covering any...
...Failure to adhere to the rules can lead to member states adopting different standards that stymie cross-border business....
...Trump, who was headed to Michigan on Wednesday in an attempt to win the support of striking auto workers, took to social media to call the ruling a “political scam”....
...selling that company’s stock....
...Gigacasting using aluminium is also one response to the way that massively heavy auto batteries are reshaping how cars are designed. “Battery tech is driving gigacasting tech....
...Investors were buoyed by the fact that Geico, the company’s auto insurance unit, posted a second consecutive quarterly profit after more than a year of losses....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Another knock — rising delinquencies on card and auto loans — may be misleading too, argues Zandi....
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